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Jefferies Financial Group Inc. Buys New Stake in Expeditors International of Washington, Inc. (NASDAQ:EXPD)

Expeditors International of Washington logo with Transportation background

Key Points

  • Jefferies Financial Group Inc. has invested approximately $652,000 in Expeditors International of Washington, acquiring 5,423 shares during the first quarter of the year.
  • Currently, institutional investors hold 94.02% of the company's stock, with several other hedge funds also taking new positions in the company.
  • The stock of Expeditors International is currently trading at $116.39 and has seen fluctuations within a one-year range of $100.47 to $131.59.
  • Five stocks we like better than Expeditors International of Washington.

Jefferies Financial Group Inc. acquired a new position in Expeditors International of Washington, Inc. (NASDAQ:EXPD - Free Report) in the 1st quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm acquired 5,423 shares of the transportation company's stock, valued at approximately $652,000.

Several other institutional investors and hedge funds also recently bought and sold shares of the business. Orion Portfolio Solutions LLC boosted its holdings in shares of Expeditors International of Washington by 8.9% in the fourth quarter. Orion Portfolio Solutions LLC now owns 2,355 shares of the transportation company's stock worth $261,000 after acquiring an additional 193 shares during the period. World Investment Advisors lifted its holdings in shares of Expeditors International of Washington by 44.7% in the fourth quarter. World Investment Advisors now owns 2,442 shares of the transportation company's stock worth $271,000 after buying an additional 754 shares in the last quarter. Resona Asset Management Co. Ltd. bought a new position in shares of Expeditors International of Washington in the fourth quarter valued at approximately $6,434,000. Aviva PLC lifted its stake in Expeditors International of Washington by 33.5% in the 4th quarter. Aviva PLC now owns 189,881 shares of the transportation company's stock worth $21,033,000 after purchasing an additional 47,610 shares in the last quarter. Finally, Envestnet Asset Management Inc. grew its position in shares of Expeditors International of Washington by 3.7% during the 4th quarter. Envestnet Asset Management Inc. now owns 864,386 shares of the transportation company's stock valued at $95,748,000 after purchasing an additional 30,484 shares in the last quarter. 94.02% of the stock is owned by institutional investors.

Wall Street Analyst Weigh In

Several equities research analysts recently issued reports on EXPD shares. Robert W. Baird initiated coverage on Expeditors International of Washington in a research note on Tuesday, July 1st. They set a "neutral" rating and a $124.00 price objective for the company. Baird R W upgraded shares of Expeditors International of Washington to a "hold" rating in a research report on Tuesday, July 1st. UBS Group increased their price target on shares of Expeditors International of Washington from $117.00 to $120.00 and gave the stock a "neutral" rating in a report on Wednesday. Bank of America cut Expeditors International of Washington from a "neutral" rating to an "underperform" rating and raised their price objective for the company from $117.00 to $118.00 in a report on Friday, July 11th. Finally, Truist Financial upped their target price on Expeditors International of Washington from $105.00 to $110.00 and gave the stock a "hold" rating in a research note on Monday, June 30th. Five research analysts have rated the stock with a sell rating and eight have issued a hold rating to the company's stock. Based on data from MarketBeat, the company presently has an average rating of "Hold" and an average target price of $114.22.

Check Out Our Latest Stock Report on EXPD

Expeditors International of Washington Price Performance

Shares of NASDAQ:EXPD traded up $2.46 during trading on Wednesday, reaching $118.77. 1,483,854 shares of the company were exchanged, compared to its average volume of 1,389,465. The business's fifty day simple moving average is $114.56 and its 200-day simple moving average is $113.92. The firm has a market capitalization of $16.27 billion, a PE ratio of 20.76, a P/E/G ratio of 5.00 and a beta of 1.05. Expeditors International of Washington, Inc. has a 12-month low of $100.47 and a 12-month high of $131.59.

Expeditors International of Washington Profile

(Free Report)

Expeditors International of Washington, Inc, together with its subsidiaries, provides logistics services worldwide. The company offers airfreight services, such as air freight consolidation and forwarding; ocean freight and ocean services, including ocean freight consolidation, direct ocean forwarding, and order management; customs brokerage, import, intra-continental ground transportation and delivery, and warehousing and distribution services; and customs clearance, purchase order management, vendor consolidation, time-definite transportation services, temperature-controlled transit, cargo insurance, specialized cargo monitoring and tracking, and other supply chain solutions.

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Institutional Ownership by Quarter for Expeditors International of Washington (NASDAQ:EXPD)

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